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The FCA defines an authorised payment institution as an entity that is authorised to make payments and is included in the FCA’s official register of APIs. The definition spans organisations such as credit card processors, payment account operators, remittance operators, foreign exchange businesses, and payment initiation businesses. Now that Safenetpay has evolved from API to EMI, it can issue and hold electronic money.
• Company was incorporated in 2014 and authorized from FCA in 2020
• Operational company
• Physical office in UK
• Capital 46 500 GPB
• Safeguarding account with EM Bank Lithuania
• Business account with Revolut, FGC
• Merchant accounts with Trustly, Trust Payment and Bambora
• Subscription based IT platform
• Cash collection with Choice Forex Ltd, Link FX Ltd
• Agreement with JS Bank Pakistan (cash payments to JS Bank, Allied Bank, MCB Bank and deposit anywhere in Pakistan)
Gross Revenue
TBA
EBITDA
TBA
Business ID:
L#20220266
Country
United Kingdom
Business ID: | L#20220266 |
Property Type: | Financial Services |
Property Status: | For Sale |
Target Price: | ₤935,000 |
Gross Revenue: | TBA |
EBITDA: | TBA |
Target Price / Revenue: | INFx |
Target Price / EBITDA: | INFx |
Updated on June 13, 2022 at 8:25 am
The FCA defines an authorised payment institution as an entity that is authorised to make payments and is included in the FCA’s official register of APIs. The definition spans organisations such as credit card processors, payment account operators, remittance operators, foreign exchange businesses, and payment initiation businesses. Now that Safenetpay has evolved from API to EMI, it can issue and hold electronic money.
• Company was incorporated in 2014 and authorized from FCA in 2020
• Operational company
• Physical office in UK
• Capital 46 500 GPB
• Safeguarding account with EM Bank Lithuania
• Business account with Revolut, FGC
• Merchant accounts with Trustly, Trust Payment and Bambora
• Subscription based IT platform
• Cash collection with Choice Forex Ltd, Link FX Ltd
• Agreement with JS Bank Pakistan (cash payments to JS Bank, Allied Bank, MCB Bank and deposit anywhere in Pakistan)